POET Technologies Announces Closing of US$30 Million Private Placement
POET Technologies (NASDAQ: POET) has successfully closed a US$30 million private placement with a single strategic investor. The offering included 6,000,000 common shares and one warrant exercisable until May 22, 2030, to acquire up to 6,000,000 additional shares at C$8.32 per warrant share. The combined price per share and warrant was US$5.00.
The company, which specializes in designing optical interposers and photonic integrated circuits for data centers, telecommunications, and AI markets, plans to use the proceeds for working capital and general corporate purposes. No commission, finder's fee, or underwriter was involved in the transaction. The offering, made to a non-Canadian purchaser, is pending final TSX Venture Exchange acceptance.
POET Technologies (NASDAQ: POET) ha completato con successo un collocamento privato da 30 milioni di dollari USA con un unico investitore strategico. L'offerta comprendeva 6.000.000 di azioni ordinarie e un warrant esercitabile fino al 22 maggio 2030, per acquisire fino a 6.000.000 azioni aggiuntive a C$8,32 per azione warrant. Il prezzo combinato per azione e warrant è stato di 5,00 dollari USA.
L'azienda, specializzata nella progettazione di interpositori ottici e circuiti fotonici integrati per data center, telecomunicazioni e mercati dell'intelligenza artificiale, intende utilizzare i proventi per il capitale circolante e scopi aziendali generali. Nessuna commissione, compenso per intermediari o sottoscrittore è stato coinvolto nella transazione. L'offerta, rivolta a un acquirente non canadese, è in attesa della definitiva approvazione da parte della TSX Venture Exchange.
POET Technologies (NASDAQ: POET) ha cerrado con éxito una colocación privada de 30 millones de dólares estadounidenses con un único inversor estratégico. La oferta incluía 6,000,000 acciones comunes y un warrant ejercitable hasta el 22 de mayo de 2030, para adquirir hasta 6,000,000 acciones adicionales a C$8.32 por acción warrant. El precio combinado por acción y warrant fue de 5.00 dólares estadounidenses.
La empresa, especializada en el diseño de interposiciones ópticas y circuitos integrados fotónicos para centros de datos, telecomunicaciones y mercados de inteligencia artificial, planea usar los fondos para capital de trabajo y propósitos corporativos generales. No se involucraron comisiones, honorarios de intermediarios ni suscriptores en la transacción. La oferta, dirigida a un comprador no canadiense, está pendiente de la aceptación final de la TSX Venture Exchange.
POET Technologies (NASDAQ: POET)는 단일 전략 투자자와 함께 3,000만 미국 달러 규모의 사모 발행을 성공적으로 마감했습니다. 이번 발행에는 6,000,000 보통주와 2030년 5월 22일까지 행사 가능한 6,000,000주 추가 취득 권리가 포함된 워런트가 포함되어 있습니다. 워런트 주당 행사가격은 캐나다 달러 8.32이며, 주식과 워런트의 결합 가격은 미화 5.00달러였습니다.
데이터 센터, 통신 및 인공지능 시장을 위한 광학 인터포저 및 광집적 회로 설계에 특화된 이 회사는 조달 자금을 운전자본 및 일반 기업 목적에 사용할 계획입니다. 이번 거래에는 수수료, 중개 수수료 또는 인수인이 참여하지 않았습니다. 비캐나다 구매자를 대상으로 한 이번 발행은 TSX 벤처 거래소의 최종 승인을 기다리고 있습니다.
POET Technologies (NASDAQ : POET) a clôturé avec succès un placement privé de 30 millions de dollars américains auprès d'un investisseur stratégique unique. L'offre comprenait 6 000 000 d'actions ordinaires et un warrant exerçable jusqu'au 22 mai 2030, permettant d'acquérir jusqu'à 6 000 000 d'actions supplémentaires au prix de 8,32 CAD par action warrant. Le prix combiné par action et warrant était de 5,00 USD.
L'entreprise, spécialisée dans la conception d'interposeurs optiques et de circuits photoniques intégrés pour les centres de données, les télécommunications et les marchés de l'IA, prévoit d'utiliser les fonds pour le fonds de roulement et des objectifs généraux d'entreprise. Aucune commission, frais d'intermédiaire ou souscripteur n'ont été impliqués dans la transaction. L'offre, destinée à un acheteur non canadien, est en attente de l'acceptation finale par la TSX Venture Exchange.
POET Technologies (NASDAQ: POET) hat erfolgreich eine Privatplatzierung in Höhe von 30 Millionen US-Dollar mit einem einzelnen strategischen Investor abgeschlossen. Das Angebot umfasste 6.000.000 Stammaktien und einen bis zum 22. Mai 2030 ausübbaren Warrant zum Erwerb von bis zu 6.000.000 zusätzlichen Aktien zu einem Preis von 8,32 CAD pro Warrant-Aktie. Der kombinierte Preis für Aktie und Warrant betrug 5,00 US-Dollar.
Das Unternehmen, das sich auf die Entwicklung optischer Interposer und photonischer integrierter Schaltkreise für Rechenzentren, Telekommunikation und KI-Märkte spezialisiert hat, plant, die Erlöse für das Betriebskapital und allgemeine Unternehmenszwecke zu verwenden. Es wurden keine Provisionen, Vermittlungsgebühren oder Underwriter in die Transaktion einbezogen. Das Angebot, das an einen nicht-kanadischen Käufer gerichtet ist, steht noch aus der endgültigen Genehmigung durch die TSX Venture Exchange.
- Substantial capital raise of US$30 million strengthens the company's financial position
- Strategic investment from a single investor demonstrates confidence in POET's technology
- Long-term warrant exercise potential could bring additional C$49.92 million (6M shares at C$8.32)
- No underwriting fees or commissions paid, maximizing the capital raised
- Potential dilution from 6 million new shares plus possible additional 6 million from warrants
- Warrant exercise price of C$8.32 could create selling pressure ceiling
Insights
POET secured $30M from a strategic investor, strengthening its balance sheet for optical interposer technology advancement.
POET Technologies has successfully closed a
What makes this deal particularly interesting is that it was completed with a single strategic investor rather than through a broader offering, suggesting a targeted relationship with potential technology or market synergies beyond mere capital. The five-year warrant term provides the investor with substantial upside potential while giving POET a possible additional
The absence of commissions, finder's fees or underwriters indicates this was a direct negotiation, saving the company significant issuance costs typically associated with capital raises. This efficient capital structure decision preserves more proceeds for actual operations.
For a technology company focused on optical interposers and photonic integrated circuits for high-growth markets like data centers and AI, this capital infusion provides crucial working capital to advance its proprietary technologies. The involvement of a strategic investor also potentially offers business development advantages beyond the financial investment itself.
TORONTO, May 22, 2025 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Corporation") (TSXV: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, is pleased to announce that, further to its news release dated May 20, 2025, it has completed a non-brokered private placement with a single strategic investor pursuant to which the Corporation issued 6,000,000 common shares of the Corporation (the "Common Shares") and one common share purchase warrant of the Corporation (the "Warrant") exercisable until May 22, 2030, to acquire up to 6,000,000 Common Shares (the "Warrant Shares") at an exercise price of C
The Corporation intends to use the net proceeds of the Offering for working capital and general corporate purposes. No commission or finder's fee was paid by the Corporation, and no underwriter or sales agent was engaged by the Corporation in connection with the Offering.
All securities issued under the Offering were distributed to a purchaser located outside of Canada in reliance on OSC Rule 72-503 – Distributions Outside of Canada and, accordingly, all securities issued or made issuable under the Offering are not subject to a Canadian statutory hold period in accordance with applicable Canadian securities laws. The Offering remains subject to the final acceptance of the TSX Venture Exchange (the "Exchange").
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About POET Technologies Inc.
POET is a design and development company offering high-speed optical engines, light source products and custom optical modules to the artificial intelligence systems market and to hyperscale data centers. POET's photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET's Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. POET's Optical Interposer platform also solves device integration challenges across a broad range of communication, computing and sensing applications. POET is headquartered in Toronto, Canada, with operations in Singapore, Penang, Malaysia and Shenzhen, China. More information about POET is available on our website at www.poet-technologies.com.
| Media Relations Contact: Adrian Brijbassi adrian.brijbassi@poet-technologies.com | Company Contact: Thomas R. Mika, EVP & CFO tm@poet-technologies.com |
120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 - Fax: 416-322-5075
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include, without limitation, the Corporation's expectations with respect to its products, the scalability of the POET Optical Interposer and the success of the Corporation's products, the Corporation's use of proceeds for the Offering and the Corporation's ability to obtain the final approval of the Exchange. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding the size of the market for its products, the capability of its joint venture to produce products on time and at the expected costs, the performance and availability of certain components, and the success of its customers in achieving market penetration for their products. Actual results could differ materially due to a number of factors, including, without limitation, the attractiveness of the Corporation's product offerings, performance of its technology, the performance of key components, and ability of its customers to sell their products into the market. For further information concerning these and other risks and uncertainties, refer to the Corporation's filings on SEDAR+ at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov. Although the Corporation believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Corporation's securities should not place undue reliance on forward-looking statements because the Corporation can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Corporation assumes no obligation to update or revise this forward-looking information and statements except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 - Fax: 416-322-5075
FAQ
How much did POET Technologies raise in their May 2025 private placement?
What are the terms of POET's May 2025 private placement warrants?
How will POET Technologies use the proceeds from the US$30M private placement?
What was the price per unit in POET's May 2025 private placement?
Did POET Technologies pay any commissions for the May 2025 private placement?
